Source: Repsol Begins Deep-Water Exploration Drilling Off Cuba

MADRID - Spanish oil firm Repsol YPF SA has begun offshore drilling in Cuban waters as part of its global exploration operations, a person familiar with the situation said Thursday.

Deep-water exploration drilling began about 50 kilometers north of Havana and will take at least 60 days to complete, this person added.

Repsol is resuming exploration in the area after it failed to find exploitable oil in 2004. The U.S. Geological Survey has said there could be a substantial amount of untapped oil off the Cuban coast.

The Repsol well is much closer to Florida than any other well in the region. U.S. authorities inspected the Scarabeo 9 drilling rig off the coast of Trinidad and Tobago and said the vessel complied with existing international and U.S. standards.

The Spanish company is operating the rig in partnership with Norway's Statoil and a unit of India's Oil and Natural Gas Corp.


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit